Edition:
India

Swiss Re AG (SRENH.S)

SRENH.S on Virt-X Level 1

93.50CHF
1:46pm IST
Change (% chg)

CHF0.54 (+0.58%)
Prev Close
CHF92.96
Open
CHF93.18
Day's High
CHF93.52
Day's Low
CHF93.14
Volume
68,959
Avg. Vol
1,692,409
52-wk High
CHF95.55
52-wk Low
CHF81.65

Latest Key Developments (Source: Significant Developments)

Legal & General Group to sell mature savings business to Swiss Re
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Legal & General Group Plc ::LEGAL & GENERAL GRP - L&G HAS REACHED AGREEMENT TO SELL ITS MATURE SAVINGS BUSINESS TO REASSURE DIVISION OF SWISS RE LTD ("SWISS RE") FOR 650 MILLION POUNDS​.SAYS ‍BUSINESS BEING SOLD COMPRISES PRINCIPALLY RETAIL CUSTOMERS WHO HOLD TRADITIONAL INSURANCE BASED PENSIONS, SAVINGS AND INVESTMENT PRODUCTS​.EXPECTS FORMAL TRANSFER OF BUSINESS WILL BE COMPLETED IN MID-2019​.  Full Article

Swiss Re CFO: reason to believe severity and frequency of storms will rise- CNBC‍​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Swiss Re :CFO says we have reason to believe severity and frequency of storms will go up - CNBC‍​.  Full Article

Swiss Re CEO says Britain remains focus for Admin Re
Friday, 29 Jul 2016 

Swiss Re Ag : CEO says not particularly worried about Brexit for Swiss Re, will continue to do business in Britain . CEO says some forex exposure to euro, British pound . Britain remains our main focus in Admin Re, we have no appetite to go back to the United States . CEO says no topline target for corporate solutions business . CFO says we feel quite comfortable with steady investment returns over rest of the year . CEO says full year in line with natural catastrophe budget based on predictions after H1 . CFO says natural catastrophe budget $1.5 billion for year, expect to spend $1.2 billion Further company coverage: [SRENH.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Swiss Re CFO says UK remains important for reinsurer post-Brexit vote - CNBC
Friday, 29 Jul 2016 

Swiss Re Ag CFO David Cole said in an interview on CNBC : Swiss Re has no plans to relocate U.K. staff back to Switzerland . Britain remains important for reinsurer Further company coverage: [SRENH.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Swiss Re CFO says pricing shows no sign of inflection point
Friday, 29 Jul 2016 

Swiss Re CFO says : Pricing shows no sign of inflection point . Not keeping cash in vaults, have been investing in short-term government bonds . Does not think level of natural catastrophe losses in Q2 will have significant impact on pricing . ‍​Swiss Re sees interesting opportunity to grow and good reason to invite third parties to participate in U.K. closed life business in response to question over reports on sale of Admin Re stake Further company coverage: [SRENH.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Swiss Re approaching state-backed investment funds for sale of 1bln stg stake in Admin Re subsidiary - Sky News
Thursday, 21 Jul 2016 

:Swiss Re approaching state-backed investment funds for sale of 1bln stg stake in Admin Re subsidiary - Sky News, citing sources.  Full Article

Swiss Re structures and places $100 mln catastrophe bond for UPC
Thursday, 7 Jul 2016 

Swiss Re AG :Swiss Re Capital Markets structures and places USD 100 million catastrophe bond for United Property & Casualty Insurance Company.  Full Article

Swiss Re AG says CEO to retire, to be replaced by reinsurance head; to propose FY 2015 dividend
Tuesday, 23 Feb 2016 

Swiss Re AG:Chief Executive Michel Lies will retire and will be replaced by head of its reinsurance business on July 1.Upped its regular dividend in 2015 from previous year to 4.60 Swiss francs ($4.62) from 4.25 francs.  Full Article

Nikkei hits two-year high, posts 4th week of gains

TOKYO, Oct 6 Japan's Nikkei share average scaled a fresh two-year peak on Friday and posted its fourth straight weekly gain, buoyed by the impact of a weaker currency as well as record highs on Wall Street.